Today we’ve got a breakdown of the Northeast bidding landscape with a look at all public and private commercial construction projects that bid out during the third quarter of 2015. The Northeast region covers the following states: Connecticut, Massachusetts, Maine, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont. Construction Data reported on 8,178 construction projects that had a bid date between July 1st and September 30th, 2015. There were 7,291 bids for public construction projects and 887 bids for private construction projects.
Of the 7,291 public project bids, 2,064 were classified as General Building, 1,894 were Specialty Trades, 3,043 were Heavy/Highway and 899 were Sewer & Water projects. Projects had near even distribution among the four categories with the exception of Sewer & Water projects which was less than half of what the other categories recorded. There is some overlap in the numbers since projects can fall into more than one classification. General Building projects are all general construction projects regardless of size. Specialty Trades are projects with three or less trades involved where subcontractors can bid as a “prime contractor”. Heavy & Highway projects include projects involving road paving, tennis courts, athletic fields, drainage, dredging, demolition, traffic signals, site improvements and bridges. Sewer & Water are projects involving pump stations, water treatment facilities, force mains, septic work, inspection services, drainage, etc.
Engineering projects made up 45 percent of all public sector bids during July, August and September. Engineering projects include heavy and highway projects like roads, bridges and site work as well as sewer and water projects. Governmental projects were second at 18 percent. This was followed by Educational at 13 percent and General/Civil Joint Projects at 10 percent.
Over half of all private sector bids, 54 percent, were for projects in the Retail industry. These include projects for banks, restaurants, retail stores, gas stations and grocery stores both fit-outs and standalone. Residential construction bids were next at 10 percent of all private bids, followed by Office and Educational both at 8 percent. Medical and Hospitality/Entertainment projects both came in at 7 percent each. This doesn’t provide a complete picture of private construction work being contracted because private work isn’t required to go through a publicly advertised procurement process.
All of the information in this report was provided using Construction Data’s Commercial Construction Market Intelligence (CCMI).